The MT Tracker would like to pretend that it has delayed its posting by a day because it was waiting for Norbert Dentressangle to list on the NYSE Euronext stock exchange in London today (currently its market capitalisation stands at €615m – or £526.4m) but unfortunately it was the MT Awards yesterday and time just ran away… That said – while we’ll be keeping a close eye on ND’s performance – it won’t be included in the MT Tracker data […]
Norbert Dentressangle (ND) has revealed a first-half consolidated revenue increase of 13.3% to €1.9bn (up from €1.7bn in the same period last year) despite struggling with volumes. Like-for-like growth remained flat, dipping by 0.2% compared with H1 2011, which ND attributes to a sharply deteriorating European economy during the second quarter. ND’s transport division took a 1.3% hit on a like-for-like basis (consolidated revenue is up 7.7% to €1bn), which the company says is due to a sluggish economy, with […]
Haulage bosses from six fuel distribution firms are due to resume talks with the Unite union this morning (10 April) following the Easter weekend. Conciliation service Acas is leading the discussions, which kicked off last Wednesday (4 April) and continued for two days, over tanker drivers’ training, safety and employment conditions. Acas chief conciliator Peter Harwood says of the talks so far: “The discussions have been constructive, with the parties positively engaged and committed to the process.” If talks fail, […]
Wincanton has written to Eddie Stobart Logistics’ (ESL) employees on the Aggregate Industries’ Concrete Products Division contract ahead of the switch in contractor, Motortransport.co.uk can exclusively reveal.